Investors Gain N328.98bn WoW, NSEASI Inches up by 1.39%, to Close the Week in Green.
The NGX ASI closed the week in green by 1.39% as it closed positive in 4 of the 5 trading sessions during the week as a result of buy pressures in bellwether stocks such as FBNH (+29.59%) and ETI (+9.52).... Read More →
NIGERIA’S INFLATION REPORT – SEPTEMBER 2021
The Consumer Price Index (CPI)/Headline Inflation/All Item Index The Consumer Price Index (CPI), which measures inflation rose by 16.63% Year-on-Year (YoY) in Sept’21. This is 0.38% lower than the rate recorded in Aug’21 (17.01%). The headline inflation rate eased for... Read More →
WEEKLY MARKET UPDATE:
The NSE ASI closed the week in green by 1.61% as it closed positive in all the 5 trading sessions during the week as a result of buy pressures in bellwether stocks such as FBNH (+21.74%) and ETERNA (+10.00%). Consequently,... Read More →
E-Naira Digital Currency: What You Need to Know.
Some weeks ago, the Central Bank Governor, Mr Godwin Emefiele announced that Nigeria plans to launch its own digital currency, called the “eNaira”. This is a central bank digital currency (CBDC), which is the virtual format of a fiat currency... Read More →
WEEKLY MARKET UPDATE
The NSE ASI closed the week in green by 0.05% despite closing positive in 2 of the 5 trading sessions during the week as a result of buy pressures in bellwether stocks such as CONOIL (14.09%) and MRS (9.75%). Consequently,... Read More →
Weekly Market Review
The NSE ASI closed in bearish form WoW by 0.10% as it closed negative in 3 of the 5 trading sessions during the week as a result of sell pressures in bellwether stocks such as NESTLE (-9.09%) and NB (-8.77%).... Read More →
Q1 2020 Earnings Update- DANGCEM
Revenue Growth on the back of sustained Demand DANGCEM H1’2021 double-digit growth in Revenue by 44.81% y/y to close at N690.55bn could largely be attributed to higher sales volumes during the period, arising from the surge in volumes sold to 15.3mmt... Read More →
CBN MPC Resolution – Implications
The Possible Implications of the CBN Resolutions on FX (Foreign Exchange) Sales and BDCs (Bureau De Change) At the end of the fourth Monetary Policy Committee (MPC) meeting for the year, which held on the 26th and 27th July 2021,... Read More →
Weekly Market Review. July 19th –23th 2021
The NSE ASI closed in bullish form WoW by 1.90% as it closed in green in all of the 3 trading sessions during the week as a result of buy pressures in bellwether stocks such as TOTAL (20.95%) and OANDO... Read More →